Pandora IPO Raises $234.9 Million –

Pandora Media raised $234.9 million in an initial public offering and is listed on the New York Stock Exchange with the symbol P.  Investor demand led Pandora to increase the size of the offering by 43% last week.  Pandora sold 14.7 million shares at $16 per share.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-06-14/pandora-media-raises-234-9-million-in-ipo-after-pricing-stock-above-range.html

Jim Sutliff

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